Westport Elder Law Lawyer

No one likes to think about getting old and the fact that they may need assisted care in order to live a long and healthy life. Even more so, no one likes to think about death, and how they will provide for themselves as the day nears, and continue providing for their families once they’re gone. However, aging is inevitable; at some point, we will all have to face the fact that we are not as young as we once were. For assistance in understanding some of the many components of preparing for an elderly age, Patricia Bloom-McDonald, Attorney at Law, is ready to help.

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Westport Estate Planning Lawyer

You do not need to a millionaire to have an estate. In fact, almost everyone who owns property has an estate, even if that property is not valued at a high sum of money. Having an estate really just means that you have assets – like a car, house, bank account, investments, life insurance, and more. An estate plan means that you know exactly what will happen to your estate (all of your assets) upon your death. An estate plan will provide you with peace of mind, and will be extremely helpful to reduce the burden placed upon your survivors.

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Retirement Accounts and Your Living Trust: What You Need to Know

Trusts can be a major tool in anyone’s estate planning portfolio. It is an instrument that allows you to easily pass assets to named beneficiaries without the delay, cost, and public nature of probate.

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Stand Alone Retirement Account Trusts and You

Most people want to leave something for their children or heirs after they pass away but doing so can be tricky and complicated. You do not want taxes eating up the assets or exposing them to creditors, being squandered by irresponsible beneficiaries or jeopardizing a special needs heir’s right to public benefits. One way to accomplish this is by setting up a “Stand-Alone Retirement Trust Account.” This is a complicated type of trust but an essential part of elder law and estate planning.

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Communicating with Elder Clients

Over 40 million people in the US are 65 or over and that number is expected to increase to more than 88 million by 2050. Older residents, or those 85 and over, will top 9 million by 2030. As the population grows older and nursing homes and assisted living facilities continue to fill up, the subject of how health care professionals, social workers, and elder law lawyers can communicate effectively with elderly individuals becomes paramount.

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